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Equinix (NASDAQ:EQIX) hit a new 52-week high on Tuesday , Analyst Ratings News reports. The company traded as high as $221.39 and last traded at $221.31, with a volume of 147,614 shares trading hands. The stock had previously closed at $219.88.

A number of analysts have recently weighed in on EQIX shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Equinix in a research note on Thursday, July 31st. They now have a $245.00 price target on the stock, up previously from $230.00. Separately, analysts at Raymond James raised their price target on shares of Equinix from $240.00 to $248.00 in a research note on Thursday, July 31st. They now have a “strong-buy” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Equinix from $48.00 to $55.00 in a research note on Thursday, July 31st. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Equinix currently has a consensus rating of “Buy” and an average price target of $220.15.

The stock has a 50-day moving average of $212.8 and a 200-day moving average of $195.9. The company has a market cap of $11.740 billion and a price-to-earnings ratio of 79.07.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.81 by $0.59. The company had revenue of $605.16 million for the quarter, compared to the consensus estimate of $595.91 million. During the same quarter in the prior year, the company posted ($0.58) earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts expect that Equinix will post $2.99 EPS for the current fiscal year.

Equinix, Inc (NASDAQ:EQIX) connects businesses with partners and customers worldwide through a global platform of data centers.

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